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The liberalization of the insurance sector in India, initiated in the early 2000s, has significantly impacted the performance of the Life Insurance Corporation of India (LIC). While it faced increased competition from private players and foreign entities, this prompted LIC to innovate its product offerings, improve customer service, and adopt modern technology. Consequently, LIC has maintained its market leadership by leveraging its vast distribution network and brand trust, though it has had to adapt continuously to the changing landscape. Overall, liberalization has driven LIC to enhance its efficiency and responsiveness to consumer needs.
What else can I help you with?
What is the impact of liberalisation in insurance sector?
1. More no. of players in the market. 2. More competition.
What is role of LIC's in Indian economy?
Check out the related link on LIC's role in the Indian economy.
Liberalisation privatization globalisation?
Liberalisation is to relax regulations on social or economic policies (usually economic). Privatisation is the process of transferring a public sector industry over to the private sector. Globalisation is the unification of the global markets by relaxing protectionist trade policies and integrating markets.
What is price liberalisation?
Price liberalisation is the process of allowing market forces to determine the prices of goods and services, rather than having these prices set or controlled by the government. This approach aims to enhance competition, improve efficiency, and promote economic growth by enabling supply and demand to dictate pricing. It often involves the removal of price controls and subsidies, leading to more market-driven outcomes. However, it can also result in short-term price volatility and impact affordability for consumers.
What are the Facilitating and inhibiting factors of company that impact performance of employee?
3d modelling
What is the impact of liberalisation in insurance sector?
1. More no. of players in the market. 2. More competition.
How is Trade union in era of liberalisation?
what is the view of trade union in the era of liberalisation
The impact of management information on an organisation performance?
The impact of management and information system on organizational performance
What is the impact of effective business communication to managerial performance?
What is the impact of effective business communication on managerial performance
Is Mexico a hic or lic country?
LIC - Less industrialized country
Is the Lic Agent's Commission is 0 in the 2011?
No, Lic policies have shown much growth in 2011. For more information on Lic agent and The commission of Lic agent Visit: Authorized<a href="http://thelicagent.in/"> Lic Agent</a>
Impact of privatization and liberalisation of Indian business?
The privatization and liberalization of Indian business has created a burgeoning economy. Since restrictions were lessened, a large middle class has grown up in the subcontinent.
How does risk management impact organizational performance?
how do you understand by the term performance
Does globalisation and liberalisation convey the same meaning?
lbm
Found free download lic agent software?
LIC
How do you know status of a lic policy?
go to nearby LIC office
Is lic is a central government job?
Partialy, lic is autonomus orgnization.
